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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (64647)	6/6/2005 5:05:41 AM
From: elmatador	Respond to of 74559

My first language is English. I was born in Brazil. Mother tongue is Portuguese mas I consider it the second language. Take a tour to Prague, Budapest, Thailand, Brazil... Japan, Germany, UK are inflated. They need deflation.

To: maceng2 who wrote (64647)	6/6/2005 10:52:52 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

Another book: Thomas L. Friedman's ''The World Is Flat: A Brief History of the Twenty-First Century.'' Friedman describes his honest reaction to this new world while he's at one of India's great outsourcing companies, Infosys. He was standing, he says, ''at the gate observing this river of educated young people flowing in and out. . . . They all looked as if they had scored 1600 on their SAT's. . . . My mind just kept telling me, 'Ricardo is right, Ricardo is right.' . . . These Indian techies were doing what was their comparative advantage and then turning around and using their income to buy all the products from America that are our comparative advantage. . . . Both our countries would benefit. . . . But my eye kept . . . telling me something else: 'Oh, my God, there are just so many of them, and they all look so serious, so eager for work. And they just keep coming, wave after wave. How in the world can it possibly be good for my daughters and millions of other young Americans that these Indians can do the same jobs as they can for a fraction of the wages?' '' Brace for deflation! Brace for a new EU (I call it the Bossa Nova EU) soon!